The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-12-01
CONDITION OF THE MARKETS
Provisions Continue Strong, with Still
Better Prices Offered for Pork.
Wheat Shows Considerable Strength at the
Opening, bnt Weakens During the Day
Heavy Trading in Corn at Higher Prices.
MONEY. BONDS AND STOCKS.

A Quiet and Somewhat Irregular Market,
with Lower Prices for Many stocks.
NEW YORK, Nov. S0--Money call was
easy at to 6 per cent, closing offered at per
cent.
Prime mercantile paper, 6Sss per cent.
Sterling exchange was dull but steady at
- sI4 for sixty-day bills, and 81 s4s for de-
mand.
The total sales of stocks to-day were 266.67s
shares. including the following: Delaware.
Lackawanna d Western, $4,000; Erie, l1.O37;
Lake Shore, 1880; Louisville & Nashville,
1900; Missouri Pacific. 400; North 16.-
,soZ; New York Central, 1851; Pacific Mail. 6 500
Reading, II, 300; ST. Paul. 81. 745; Texas Pacific.
3,340; Western Union, 13 900.
The stock market to-day was quiet and some
what irregular. though generally heavy to weak,
and prices tonight are materially lower for
number OF the active list. ine temper or the
room was bullish this morning. and there was
considerable buying for out-of-town parties. out
the "bears" and traders who had put out short
/ lines yeste rday resisted the improvements with
vieor during the forenoon and made marked
impression on the list The principal excuse
Offered for the selling was reports OF rateclttlng
in the West. but the news OF the day was not OF
values, and rumors started by the ''bsars"
did duty in its stead London was
o buyer in the early trading, but coon turned
seller, which encouraged the traders and smaller
g bears to hammer the list. Pacific Mail was
! the feature of thu first hours trading
count Of it's unusual strength but the pressure
was specially severe upon the coaiere, especially
LackAwanna and Delaware s. Hudson. which
were forced off nearly per cent at one time
When this result had been accomplished the
buying began to tell. and considerable improve
1nsnt was made in the afternoon, but most Of
this was again lost in last few moments.
The general list exhibited few features OF in
fersst. though Northwestern was quite strong In
the forenoon The opening was quiet but firm
to strong at adv ances over last evenings final
figures of from to per cent, and further
small fractions were gained ia the early trad
Ing upder the lead of Pacific Mail, but the mar
kel soon beeane very dull and prices
ried back opening figures, and the decline
developed into decided weakness, in which the
eoaiprs were most conspicuous. The tone of the
market improved after IL o'clock, but the recov-
ery was for small fractions only, and renewal
of the decline in the last honr wiped out the
greater part OF this gain. The close was dull
and heavy at but little better than the lowest
prices of the day. Almost everything is lower
ae-pieht, and Delaware 81 Hudson lost Il,
Wheeling & Lake Erie. II. and Lackawanna.
IL The advanc-s few the most Important
being North wester T.
Railroad bonds we're dull. and closing prices
were generally lower; sales. $40. 600. St Paul.
Sourharn Minnesota SKIES lost q, at 1924; North
western regsre gold. Al. at 12it International
arsts, q at 108, and OHIO Southern incomes, 3,
Ut 81
Government bonds were dull and heavy.
State bonds were dull and steady. Closing